collected by :Irax John
FILE- Egyptian poundsCAIRO – 14 February 2018: The America $ interchange average was slightly up during morning transactions at great banks on Wednesday.The $ value reached LE 17.65 for buying & LE17.75 for selling at Banque Du Caire.At the National Bank of Egypt, the $ interchange average registered LE 17.60 for buying & LE 17.70 for selling.At the Arab African Bank, the $ value recorded LE 17.63 for buying & LE 17.73 for selling.
At Alexandria Bank, the $ interchange average recorded LE 17.63 for buying & LE 17.73 for selling.At the Commercial International Bank (CIB), the $ interchange average registered LE 17.64 for buying & LE 17.74 for selling.The $ value rose with 3 piasters to register LE 17.63 for buying & LE 17.73 for selling at Bank of Alexandria.
Dollar interchange average stable at Egypt’s great banks
FILE- Egyptian currencyCAIRO – 15 February 2018: The America $ interchange average was relatively stable during morning transactions at great banks Thursday.The $ value reached LE 17.60 for buying & LE 17.70 for selling at the National Bank of Egypt.Its value stood at LE 17.65 for buying & LE 17.75 for selling at Banque du Caire.At the Commercial International Bank (CIB) & Bank of Alexandria, the $ interchange average registered LE 17.63 for buying & LE 17.73 for selling.The $ value too reached LE 17.64 for buying & 17.74 for selling at the National Bank of Greece & LE 17.58 for buying & LE 17.68 for selling at Banque Misr.The $ value went drop with two piasters reaching LE 17.61 for buying & LE 17.71 for selling at the Arab African International Bank.While, at Abu Dhabi Islamic Bank, the $ value inched 1 piaster up to stand at LE 17.67 for buying & LE 17.77 for selling
Dollar weakens in spite of height in interest average expectations
as informed in “We are in an environment where the $ Information Systems weakening regardless of the move in interest rates,” told Alessio de Longis, a portfolio manager for the universal multi-asset group at OppenheimerFunds in fresh York.
The declaration which the unite states core user value Index posted its biggest earn in a year boosted expectations which value pressures probably accelerate, prompting a faster pace of interest average promotes from the Federal Reserve.
The potential which the federal would clamp drop on inflation initially drove up the $ index .DXY.
But the $ quickly pared those gains, falling to a session low of 88.94 against a basket of currencies, even as traders added to their bets on federal average hikes after the inflation report.
The $ was the beneficiary of widening interest average differentials When the federal was the just great central bank raising rates.